Mandate

What we acquire, what we invest in, and what we do not do.

Businesses we acquire

Location
Businesses based in the United Kingdom.
Sector
Business-to-business services, industrial and specialist manufacturing. Useful businesses that matter quietly to the customers they serve.
Revenue
Established businesses with roughly £1 million to £10 million in annual revenue.
Profile
Established, profitable, cash-flowing. At least five years of consistent earnings. A durable reason to exist: a business, not a story.
Stage
Mature rather than growth. Businesses where the most interesting work is preservation, not transformation.
Ownership
Owner-operators and founding families preparing for transition. First-generation founders considering succession. Private shareholders seeking continuity rather than maximum liquidity.
Structure
Majority acquisitions, with the existing team invited to remain where appropriate. Minority positions where alignment, governance, and long-term intent are clear.
Consideration
We structure thoughtfully. Cash, deferred consideration, and performance-aligned instruments: whatever allows the owner to transition on terms that honour the business they built.
Hold
Without a clock. No vintage, no exit calendar, no imposed timeline.

What we do not do

Forced integration
We do not merge businesses against their character. Each business we acquire keeps its name, its team, and its standing with customers.
Fund flips
We do not buy to sell. There is no intended exit, which changes every decision from the first meeting onward.
Imposed transformation
We do not parachute in operators or force playbooks onto teams who know their business better than we do. Where we can help, we help: systems, introductions, capital for what the team already wants to do.
Opportunistic plays
We are not a distressed-asset buyer. We acquire businesses with durable foundations, from owners who are proud of them.
Competitive auctions
We do not bid. If a seller’s process requires a competitive auction, we are not the right counterparty.